Insurance for asset managers and financial service providers

Benefits at a glance

  • Protection in the event of claims for damages that can arise as a result of professional activities
  • Security in cases of embezzlement perpetrated by employees or third parties
  • Comprehensive insurance coverage comprising four modules: professional indemnity, directors’ & officers’ liability, breach of fidelity and office liability
  • You benefit from Zurich’s many years of experience and competency in insurance solutions for financial service providers

In detail

Asset managers can face far-reaching liabilities in the event of a claim. ISAM is Zurich’s comprehensive insurance solution consisting of professional indemnity, directors’ & officers’ liability, breach of fidelity and office liability.

Professional indemnity module (selection)

  • Legal protection in proceedings due to errors in advisory services and asset management
  • Pays the cost of investigations
  • Pays loss prevention costs (mitigation cost)
  • Covers violations of the individual's rights to privacy and defamation of third parties
  • Financial security if documents are lost

Directors’ & officers’ liability module (selection)

  • Protects private assets belonging to management and members of the board of directors in the event of loss
  • Insurance coverage for board of directors positions held at outside entities
  • Insurance coverage against reputation injury
  • Insurance coverage for preliminary investigations, extradition proceedings and payment of the cost of obtaining bail
  • Extended reporting period for losses incurred after termination of the contract, in the event of bankruptcy, or by subsidiaries that were previously covered
  • Coverage for departed directors and officers
  • Pays legal defense costs

Breach of fidelity module (selection)

  • Covers pecuniary losses resulting from criminal acts by employees
  • Pays loss prevention costs (mitigation cost)
  • Compensation of pecuniary losses due to computer crimes
  • Pays the cost of criminal prosecution of perpetrators

Office liability module (selection)

  • Statutory liability coverage for bodily injury and property damage
  • Extension for business trips and for damage in buildings or on land where financial services are rendered
  • Extension for damage to leased telecommunications equipment

Good to know

For asset managers, effective protection against the following is recommended:

  • Inadequate or incorrect financial advice
  • Insufficient due diligence for assets
  • Errors in processes, execution and decisions in the entity as a whole
  • Protection against unjustified claims
  • Embezzlement by employees
  • Criminal acts by third parties
  • Bodily injury or property damage

Our advisory service

ISAM – tested and recommended by the Swiss Association of Asset Managers. We would be glad to advise you.

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